Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Need to downsize but can't get mortgage.....should I look into a hard money loan?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=avalonrose]The past few years have been rough and my husband has had to job hop (he's in sales). We're struggling financially and want/need to downsize into a smaller home, but to get a mortgage you have to have to have two years of the same employment PLUS have a good credit score...neither of which we have, unfortunately. What we're looking for in our desired area is a unicorn and only a handful of houses come up on the market each year that we would consider. If we sell before purchasing another we will have no where to go. We own 100% equity in our current home, so we're what you would consider extremely house poor. House is worth about 1.1.mil Would you recommend getting what they call a "hard money loan" based on the equity of the house instead of income? If so, who is the best company to work with?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
